The City of Grande Prairie has released an updated study that identifies the current state of Grande Prairie’s retail market.
According to the report, the city’s total trade area increased to 295,079 with a total retail spending of $5.1 billion. Additionally, the study showed the city has 4.15 million sq. ft. of retail space and can support a further 500,000 sq. ft. of new retail space by 2032.
Trends in the report also pointed to respondents wanting more full-service restaurants, clothing and footwear, sporting goods and toys, and entertainment at affordable prices.
Top spending categories for residents included grocery and specialty foods, auto/RV/motorsports, fashion & accessories, restaurants & pubs, and home improvement & gardening.
Grande Prairie Mayor Jackie Clayton says the report confirms the city’s steady economy and continues to serve as a “significant retail hub” for Northwestern Alberta.
“The City continues to seek opportunities to attract retailers and businesses that support a high quality of life for residents and a strong economy,” she says.
As a result of the report, Invest GP says they will take a targeted approach to attract new investment in commercial and retail sectors and are considering new tenants such as Uniqlo, H &M, Indigo, T&T Supermarket to match the city’s demographic profile.
